S P Setia Recognised for its Excellence in Corporate Governance
KUALA LUMPUR – S P Setia Berhad, Malaysia’s leading pure play property developer was conferred first runner up of MSWG-ASEAN Corporate Governance Award in the Industry Excellence Award category. The award ceremony held at Majestic Hotel yesterday was attended by prominent public listed companies in the region, capital market regulators and governance experts.
Present to receive the award was Executive Vice President (EVP) and Chief Financial Officer (CFO) of S P Setia, Datuk Choy Kah Yew, who accepted the honour from Public Interest Director and Non-Executive Chairman of Bursa Malaysia, Datuk Shireen Ann Zaharah Muhiudeen in the presence of Chairman of MSWG, Tan Sri Dato’ Seri Dr Sulaiman Mahbob and Chief Executive Officer (CEO) of MSWG, Devanesan Evanson.
The winners were selected based on Minority Shareholders Watch Group (MSWG)’s continuous assessment of the corporate governance disclosures and practices of Malaysian-Listed Companies using the ASEAN Corporate Governance Scorecard. The Scorecard adopts the Organization of Economic Cooperation and Development (OECD) Principles of Corporate Governance as its main guideline.